Bite-sized Insights about
 
Providing you with data-based insights about things happening around you.
Popular Insights

  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more
    Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more
  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

    See more

    Inflation rate in Nigeria increased to 31.7% in February 2024. Nigeria has the 13th highest inflation rate out of 186 countries and territories as of February 2024.

    The data showcases Argentina leading with 276%, followed by Lebanon and Syria. Seven of the top fifteen are African.

    See more

  • Nigeria was the seventh most populous nation in the world in 2020, with 206.1 million people. Projected to reach a population of 401.3 million by 2050, Nigeria will rank third after India (1st) and China (2nd). According to Institut national d'études démographiques' projections, Nigeria, Ethiopia, DR Congo, Egypt, Tanzania, and Kenya will be among the world’s top 20 most populous countries by 2050.

    See more
    Top ten African countries by estimated number of films produced annually

    The Nigerian movie industry, mainly financed via public or private funding and international grants, produces the most films in Africa, yearly. Nigeria produced more than double the number of films that the Ghanaian and Kenyan movie industries produce annually.

    See more

  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more
  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more
  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

    See more
Other Insights
 
  • Osun (₦1,867) has the highest CoHD, while Kaduna (₦1,227) has the lowest, a gap of ₦640.
  • The national average CoHD stood at ₦1,495 as of December 2024.
  • Southern states, particularly in the South West, record the highest diet costs.
  • Northern states dominate the list of the most affordable places to eat healthy.
  • Rising costs in urban centres like Lagos (₦1,702) and Rivers (₦1,780) reflect the impact of logistics and inflation.
  • The ₦640 state gap shows inequality in dietary access, which can deepen nutrition and welfare disparities.
See more
 
  • The share of minimum wage needed to afford a healthy diet fell from 124.1% in June to 54.2% in July 2024, when the minimum wage was increased from ₦30,000 to ₦70,000.
  • Before July, the cost of a healthy diet for a month exceeded 100% of [the] minimum wage, making it unaffordable for minimum-wage earners.
  • The sharpest burden was recorded in June 2024, when households needed their full salary plus 24% extra to eat healthily.
  • Between July and December, affordability worsened slightly from 54.2% to 64.1%, indicating that food prices continued to rise despite the wage boost.
  • The implementation of the ₦70,000 minimum wage in 2024 provided significant relief to Nigerian households struggling with the high cost of eating healthily.
See more
 
  • The Cost of Healthy Diet (CoHD) in Nigeria increased by over 74% in 2024.
  • The average cost rose from ₦858 in January to ₦1,495 in December.
  • June 2024 recorded the sharpest monthly jump at 19.2%, the highest of the year.
  • From August to December, CoHD rose steadily — showing no reversal in trend.
  • The persistent rise reflects food inflation, weak supply chains, and increasing import costs.
  • For many Nigerians, maintaining a healthy diet is becoming increasingly unaffordable, threatening nutrition and welfare outcomes.
See more
 
  • Animal source foods make up the largest share of Nigeria’s CoHD at ₦528 (35.3%) of ₦1,495.
  • Starchy staples follow at ₦344 (23%), showing the centrality of carbs in Nigerian diets.
  • Vegetables (₦233) and fruits (₦163) collectively account for over a quarter of the cost.
  • Legumes, nuts, and seeds (₦101) are the least costly food group, despite their nutritional value.
  • The national average CoHD stands at ₦1,495 per person per day as of December 2024.
  • Protein-rich foods are becoming increasingly unaffordable, contributing to dietary imbalance.
See more
 
  • South West has the highest Cost of Healthy Diet (₦1,764), surpassing the national average by ₦269.
  • South South follows at ₦1,714.
  • South East (₦1,436) and North East (₦1,430) sit close to the national midpoint.
  • North Central and North West record the lowest CoHD at ₦1,372 and ₦1,296, respectively.
  • The national average cost of a healthy diet stands at ₦1,495 per person per day as of December 2024.
  • The regional disparities in food cost highlight the uneven impact of economic realities across Nigeria’s zones.
See more
 
  • Nigeria exited the FATF grey list in October 2025, after 32 months of monitoring.
  • The country was added to the grey list in February 2023 due to technical compliance shortcomings.
  • FATF conducted an assessment of Nigeria’s AML/CFT measures in 2008, marking the beginning of its oversight of the measures.
  • Between 2010 and 2013, Nigeria appeared repeatedly in FATF statements for strategic AML/CFT deficiencies.
See more
 
  • Nigeria’s FDI share plunged from 35% in 1990 to 1.1% in 2024.
  • Africa’s FDI surged over the same period, leaving Nigeria behind.
  • Q1 2025 inflow was only $126.3 million, showing persistent weakness.
  • Decline mirrors structural hurdles — unstable policies, forex issues, and weak infrastructure.
See more
 
  • Nigeria recorded 971 protests and violent demonstrations in 2024.
  • Protest numbers have grown 50-fold since 2000, signalling a consistent rise in public mobilisation.
  • The most significant surge occurred between 2011 and 2015, under Goodluck Jonathan’s administration.
  • Muhammadu Buhari’s tenure saw the highest number of recorded protests — peaking at 1,008 in 2020.
  • Despite a change in leadership, protest activity remains elevated under Bola Tinubu.
See more
 
  • Kenya recorded 2,008 protests in 2024, the highest in its modern history.
  • The number of protest events increased seven-fold between 2022 and 2024.
  • Social media has become a major mobilisation tool for civic expression.
  • Rising cost of living, taxation, and unemployment remain the top drivers of unrest.
See more
 
  • Africa recorded 12,581 protests and violent demonstrations in 2024.
  • Morocco led the continent with 3,654 protests, far ahead of others.
  • Kenya ranked second with 2,008 protests.
  • South Africa (1,715) and Nigeria (971) followed, driven by economic and political frustrations.
  • North African countries, such as Morocco, Tunisia, and Libya, accounted for a significant share of protests.
  • The bottom 10 countries, including Lesotho, Gambia, and Seychelles, recorded fewer than 10 protests each.
  • Djibouti and Eritrea reported zero protests.
See more
 
  • India recorded the highest number of protests and demonstration events globally in 2024 (22.1K).
  • The United States followed with 10.5K protest events.
  • Yemen (8.2K) ranked third, reflecting the instability and ongoing conflict-driven unrest.
  • Pakistan (7.3K) and France (6.9K) rounded out the top five, underscoring the diverse sources of civic agitation.
  • Morocco (3.7K) was Africa’s leading country for protest activity, placing 12th globally.
  • The global total of protest and violent demonstration events reached 153,573 in 2024.
See more
1 2 3 … 113
  • Osun (₦1,867) has the highest CoHD, while Kaduna (₦1,227) has the lowest, a gap of ₦640.
  • The national average CoHD stood at ₦1,495 as of December 2024.
  • Southern states, particularly in the South West, record the highest diet costs.
  • Northern states dominate the list of the most affordable places to eat healthy.
  • Rising costs in urban centres like Lagos (₦1,702) and Rivers (₦1,780) reflect the impact of logistics and inflation.
  • The ₦640 state gap shows inequality in dietary access, which can deepen nutrition and welfare disparities.
Read more
  • The share of minimum wage needed to afford a healthy diet fell from 124.1% in June to 54.2% in July 2024, when the minimum wage was increased from ₦30,000 to ₦70,000.
  • Before July, the cost of a healthy diet for a month exceeded 100% of [the] minimum wage, making it unaffordable for minimum-wage earners.
  • The sharpest burden was recorded in June 2024, when households needed their full salary plus 24% extra to eat healthily.
  • Between July and December, affordability worsened slightly from 54.2% to 64.1%, indicating that food prices continued to rise despite the wage boost.
  • The implementation of the ₦70,000 minimum wage in 2024 provided significant relief to Nigerian households struggling with the high cost of eating healthily.
Read more
  • The Cost of Healthy Diet (CoHD) in Nigeria increased by over 74% in 2024.
  • The average cost rose from ₦858 in January to ₦1,495 in December.
  • June 2024 recorded the sharpest monthly jump at 19.2%, the highest of the year.
  • From August to December, CoHD rose steadily — showing no reversal in trend.
  • The persistent rise reflects food inflation, weak supply chains, and increasing import costs.
  • For many Nigerians, maintaining a healthy diet is becoming increasingly unaffordable, threatening nutrition and welfare outcomes.
Read more
  • Animal source foods make up the largest share of Nigeria’s CoHD at ₦528 (35.3%) of ₦1,495.
  • Starchy staples follow at ₦344 (23%), showing the centrality of carbs in Nigerian diets.
  • Vegetables (₦233) and fruits (₦163) collectively account for over a quarter of the cost.
  • Legumes, nuts, and seeds (₦101) are the least costly food group, despite their nutritional value.
  • The national average CoHD stands at ₦1,495 per person per day as of December 2024.
  • Protein-rich foods are becoming increasingly unaffordable, contributing to dietary imbalance.
Read more
  • South West has the highest Cost of Healthy Diet (₦1,764), surpassing the national average by ₦269.
  • South South follows at ₦1,714.
  • South East (₦1,436) and North East (₦1,430) sit close to the national midpoint.
  • North Central and North West record the lowest CoHD at ₦1,372 and ₦1,296, respectively.
  • The national average cost of a healthy diet stands at ₦1,495 per person per day as of December 2024.
  • The regional disparities in food cost highlight the uneven impact of economic realities across Nigeria’s zones.
Read more
  • Nigeria exited the FATF grey list in October 2025, after 32 months of monitoring.
  • The country was added to the grey list in February 2023 due to technical compliance shortcomings.
  • FATF conducted an assessment of Nigeria’s AML/CFT measures in 2008, marking the beginning of its oversight of the measures.
  • Between 2010 and 2013, Nigeria appeared repeatedly in FATF statements for strategic AML/CFT deficiencies.
Read more
1 2 3 … 226
Can’t find what you’re looking for? Please fill the form below
Contact Form Demo
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form
A product of Techpoint Africa. All rights reserved